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all the politicians and the center banks would go away for two three years and then i think the micro economy will take care of it but in a more serious sense i think what we need to focus on too is to make sure that we don't over do any macro policy because macro policy will fail ultimately what we need is for you and me to get the emphasis back on creating jobs in believing in economies and create transparency that way is as only down through the biggest and fiscal multiply of all which is to create new jobs an increase on focus and jobs access to credit will be my two main remedies if i actually all the politicians went away and did nothing with the situation would resolve itself there is only i think i can prove it i mean belgium was without a government for two years every single macro indicator improved during those two years you had to presidents the president being the most successful in terms of growth he did absolutely nothing to do for atheists there's a whole concept within the economic science to say stay within that the ability of policy since to do anything is actually the best
all the politicians and the center banks would go away for two three years and then i think the micro economy will take care of it but in a more serious sense i think what we need to focus on too is to make sure that we don't over do any macro policy because macro policy will fail ultimately what we need is for you and me to get the emphasis back on creating jobs in believing in economies and create transparency that way is as only down through the biggest and fiscal multiply of all which is to...
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Nov 9, 2012
11/12
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KQEH
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economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks to have enough financial firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this ye
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other...
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Nov 11, 2012
11/12
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FBC
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. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it crowd out private investor and growth period in the economy, slower growth means fewer jobs, that's why you see the list we had at the beginning and why the list ll grow longer as the weeks unfold. >> okay, tobin, the next four years, bigge government, what's it mean for the unemployment rate? >> well, brenda, you ow, that if bigger government meant for more employment, california and france would have the most vital economies in the world. i've been in a lot of different parts of the country speaking with small business people and you know, my conference of course, drew millions. the exciting one that they couldn't get to get to. (laughter) the lecture how to keep your company below 49 employees and avoid obamacare, and i listened to the guy talk and the number one conclusion, hire
. >> why do they see a sour economy? >> government is growing bigger and stephan, about 24%, study after study has shown, as government takes over a bigger percentage of gdp, it surely will, faster than perceived or forecast at gdp growth, it crowd out private investor and growth period in the economy, slower growth means fewer jobs, that's why you see the list we had at the beginning and why the list ll grow longer as the weeks unfold. >> okay, tobin, the next four years,...
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Nov 9, 2012
11/12
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CURRENT
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that's the way an economy works. this notion of job craig creators being the very, very wealthy is absurd. it doesn't work -- a trickle down economics has been shown to be completely false. >> eliot: fascinating just last week, a couple of days ago the congressional research service, a nonideological straight down the middle analytical outfit did a report that concluded that. the republicans insisted they pull the report because they said it must be flawed. of course, it wasn't. it was the data proving exactly what you've just said, professor. >> they don't want to look at the data. it is like their theory of evolution and global warming. they refuse to look at the data. the economics are very, very clear. trickle down economics is bunk. the rich do not create jobs. you have to have a large buoyant middle class with money in their pockets to turn around and buy. that creates jobs. >> eliot: all right. one question, has the white house called you yet and said we want you back to be the chairman of the economic advisor
that's the way an economy works. this notion of job craig creators being the very, very wealthy is absurd. it doesn't work -- a trickle down economics has been shown to be completely false. >> eliot: fascinating just last week, a couple of days ago the congressional research service, a nonideological straight down the middle analytical outfit did a report that concluded that. the republicans insisted they pull the report because they said it must be flawed. of course, it wasn't. it was...
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economy forward the positives are low energy prices the export sector some other sectors of the economy they're doing relatively well but if the job market doesn't come back lauren then that's what's really going to weigh on housing if you have people renting instead of buy and then that's going to be a very tough situation to just soak up all of that inventory that we have and so many of these markets well speaking of every i mean that's one of the things that we here are private equity investors getting in buying houses to rent them kind of a new way to say are desperate strategy. a lot of talk behind this and i know there is actually you say in some markets this private equity money is actually creating bubbles but the can this kind of money this kind of homebuyer fuel a recovery because in the past it hasn't been investors or even first time buyers that have driven the bread and butter of housing in the us hasn't been just mortgage homeowners that move every six to eight years into another home yes and no i mean if you looked at florida if you look at arizona those markets there was
economy forward the positives are low energy prices the export sector some other sectors of the economy they're doing relatively well but if the job market doesn't come back lauren then that's what's really going to weigh on housing if you have people renting instead of buy and then that's going to be a very tough situation to just soak up all of that inventory that we have and so many of these markets well speaking of every i mean that's one of the things that we here are private equity...
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Nov 11, 2012
11/12
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FBC
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bad for the short-term economy. captital gains and dividends tax is raised it will be bad for the stock market. >> investors will be discouraged from paying in to the stocks especially those with the dividends. >> as stupid as congress is. they have to do something about it and reach across the aisle and eventually find a solution for this. john makes a point about this in the sense that there is it of course in a 401 k your cash does grow without taxes and sooner or later it is taxes. >> the point you are making is good. you will have to look for something else and the stock market will suffer. it is uncertainty. >> and going back to the value of these tocks. they are going down. >> that's the concern . we need to be clear that dividendses . it is it a dividends tax. and when they figure it out and they will. let's be clear. we are jumpinglet gun here. they are. they got to compromise and i have to be marsha brady on this and believe in a compromise. go revisit and reallocate it. >> johnathon. >> viewers are in a t
bad for the short-term economy. captital gains and dividends tax is raised it will be bad for the stock market. >> investors will be discouraged from paying in to the stocks especially those with the dividends. >> as stupid as congress is. they have to do something about it and reach across the aisle and eventually find a solution for this. john makes a point about this in the sense that there is it of course in a 401 k your cash does grow without taxes and sooner or later it is...
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chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years of the chinese economic miracle are behind them and what i've seen in my recent visits to try and over the last three or four years is a great sense of question. about western especially american economic model. is for going forward in china now the corruption that's a huge issue is population this is a pervasive sense among young people that the party leadership is not. in touch with aspirations of the younger generation or the people generally and this is a question of the very legitimacy of the party and that i think if we challenge that they're going to have to address you're g
chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years...
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Nov 14, 2012
11/12
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WGN
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our economy cannot afford the right now. certainly no middle class family can afford that right now. nobody says they wanted to happen. we can pass a law right now that would prevent any tax hike on the first $250,000 of everybody's income. that means every american gets a tax cut. that means that 90 percent of all americans will not see their taxes go up a single time. the senate has already passed a law like this. democrats and house are ready to pass a law like this, i hope republicans come on board to. we should not hold the middle class hostage while we debate tax cut for the wealthy. we should at least do what we agree on. that is to keep middle-class tax as well. we can get folks some certainty before the holiday season. i will not pretend like figuring everything else will be easy but i'm confident we can do that. i know we have to. i know that is what the american people want. that was a very clear message from the election last week. that was the message of the letter i received over the weekend. a came from a man
our economy cannot afford the right now. certainly no middle class family can afford that right now. nobody says they wanted to happen. we can pass a law right now that would prevent any tax hike on the first $250,000 of everybody's income. that means every american gets a tax cut. that means that 90 percent of all americans will not see their taxes go up a single time. the senate has already passed a law like this. democrats and house are ready to pass a law like this, i hope republicans come...
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Nov 13, 2012
11/12
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economy from falling off the fiscal cliff. while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and getting a deal on that fiscal cliff
economy from falling off the fiscal cliff. while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an...
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Nov 14, 2012
11/12
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economy of the fiscal cliff. expectations remain mixed for fancier retailers, but some experts predict the debate in washington over taxes will simply delay holiday purchases made by wealthy americans. >> i would expect that holiday spend won't get impacted as much. some of the larger wealth items, tax planning, estate planning, that's where their focus will be. it may defer some of it because they've been preoccupied. >> reporter: tom jacobsen tracks consumer spending behavior and believes the fiscal cliff will impact shopping patterns. he says in an uncertain economy retailers will need to pay close attention to pricing. >> as the confidence erodes, you might need more discounting to sell a luxury good. but that extra discounting won't take away from that good-feeling luxurious. >> reporter: according to a study out today, half of u.s. consumers still plan to buy make a small luxury purchase in the next six months. of those, 53% want specialty food or drinks, 48% are in the mood for luxury clothing, and 48% are
economy of the fiscal cliff. expectations remain mixed for fancier retailers, but some experts predict the debate in washington over taxes will simply delay holiday purchases made by wealthy americans. >> i would expect that holiday spend won't get impacted as much. some of the larger wealth items, tax planning, estate planning, that's where their focus will be. it may defer some of it because they've been preoccupied. >> reporter: tom jacobsen tracks consumer spending behavior and...
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Nov 11, 2012
11/12
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this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the budget was only 161 billion. now it's over a trillion dollars. only half of that can be justified more and more. the rest of it is additional benefits and programs and so forth that mr. obama, and before him, speaker nancy pelosi insisted on. why don't we roll back pull back to the level of real spending adjusted for inflation that we had when president bush took office. this is obama's deficit. it's not bush's deficit. 161 billion, we had all the tax cuts in place. thankfully, we have the prescription drug coverage. gerri: is tha
this economy is awfully weak. imposing taxes to not be reduced at a time like this -- that's just not good. gerri: son's he took office, it has gone up trillions of dollars. what's the best way to get this done? you don't like raising taxes, but how do you go about the most expected way to get more money into the federal government. i hate to even say that, it sounds like a horrible thing. but if the economy were to go, how do we deal with this? >> in the last year before the crisis, the...
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Nov 11, 2012
11/12
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economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you think we will reach a compromise? and if so how and when? >> i hope so. the consequence of not reaching the compromise for the american and world economy next year would be disastrous. we would be talking about a very deep recession if we went over the cliff and didn't quickly bounce back from it. >> laura, you think there is a two-part solution. what do you mean by that? >> we have the fiscal cliff and a need to get a long-run compromise plan on deficit reduction over the next decade. i think we have to be realistic
economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides...
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Nov 14, 2012
11/12
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CSPAN
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economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challenges in the economic and fiscal challenges we face as a nation. >> is he just taking principles then? will he have any concrete to put on the table? negotiators have to know each other halfway. does congress have to meet him halfway? >> i appreciate the projection that he does not have a plan he is bringing to the table. it is the most specific plan there is. it has been on the table for some time. that is what he believes the right approach. he is not wedded to every detail. there is a challenge chair. for anyone who put forward alternative approaches to prove that the numbers add up. one thing we know about the
economy. he has not been wedded to every detail of that plan. i will not negotiate hypothetical details. i was side speaker banner and say i am not in the position of boxing ourselves and others. he looks forward to the meeting with leaders in congress. and as clear principles fam belief that we can reach a compromise is comparable. it would allow us to address the fiscal cliff challenges in the economic and fiscal challenges we face as a nation. >> is he just taking principles then? will...
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to go spend more money exactly right to pump it into the economy not see a really really quickly we don't have a lot of time but i know that the do believe there are big event is coming up let's look forward to there oh it's going to be you know really fabulous events this thursday this thursday evening there's lots of artists performers they're really trying to have fun with it it's a variety show they're going to be streaming it online and we'll certainly be there to make sure to bring our viewers exactly what happens that evening and how much money they were looking forward to your coverage there and. thanks to the both of you for weighing in and that was lauren lyster she's the host of capital account and our correspondent on the stasi turkana. also let aaron eilerts he's so general petraeus has a mistress why should you care well it could speak volumes about internet privacy we'll tell you how this sex scandal is triggering a serious debate about u.s. surveillance. and. here's mitt romney trying to figure out the name of that thing that many americans call i don't know. i'm sor
to go spend more money exactly right to pump it into the economy not see a really really quickly we don't have a lot of time but i know that the do believe there are big event is coming up let's look forward to there oh it's going to be you know really fabulous events this thursday this thursday evening there's lots of artists performers they're really trying to have fun with it it's a variety show they're going to be streaming it online and we'll certainly be there to make sure to bring our...
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Nov 8, 2012
11/12
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CNBC
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it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is addressed both sides of the atlantic. >> no one has patience for anything that takes more than a couple of days at this point it would seem. thank you very much for joining us this morning. >>> with some corporate news, profit at china's top pc maker grew at its slowest pace this more than two years in the second quarter. gentlemen, lenovo netted higher than roit estimates. shares were done ahead of the earnings release and you can see down about 2.7%. and fresh data from japan suggests the world's third biggest economy is inchi
it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is...
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as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about
as the number one economy by the end of twenty six to. save all that stricken spain has found yet another way to try and we fill its budget the country plans to sell around one hundred prime state properties by twenty six deign to say this could bring the country almost three billion euros in total. and speaking about
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our.
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our.
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Nov 9, 2012
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consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a 7% increase in spending and more money for a supplementary budget this year. germany, france, and britain want to limit increases to less than 3%. the negotiations will continue next week. >> more business news coming later in the show including economic and is from china and the once in a decade leadership change. the strongest european economy is beefing up their welfare state. parliament has approved a contentious new subsidy for stay at home parents. opposition parties have criticized this scheme as promoting outdated ideas about families in an
consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a...
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Nov 9, 2012
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economy is definitely on an upward 2r5 jtrajectory. i just hope and believe that that will ten so i'm positive about the u.s. >> okay, thanks for joinings us. >>> coming up, we'll be live in chicago. plenty coming up on the docket. economic growth. if america goes over the fiscal cliff, the economy will return to recession and unemployment will go over 9%. president obama is scheduled to make his first address to the public since his re-election today. 1:00 p.m. from the white house. and it will be regarding the economy and the deficit. so joining us to make sense of all of these various cross currents is todd horowitz. todd, on top of investors minds is whether dividend rates are going up. >> you know, dividend rates are going to do what they're going to do. and they're going to solve this fiscal cliff. this is again another employ between the two parties waiting until the last minute and they'll ride in on the 11th hour and say we've solved the problem or we'll kick the can down the road for another couple of years. this is not going
economy is definitely on an upward 2r5 jtrajectory. i just hope and believe that that will ten so i'm positive about the u.s. >> okay, thanks for joinings us. >>> coming up, we'll be live in chicago. plenty coming up on the docket. economic growth. if america goes over the fiscal cliff, the economy will return to recession and unemployment will go over 9%. president obama is scheduled to make his first address to the public since his re-election today. 1:00 p.m. from the white...
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Nov 8, 2012
11/12
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CNNW
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>> piers i do believe the economy is in proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to move forward on a series of fronts and further strengthen our economy. we are not losing 800,000 jobs a month anymore. we are gaining them. and that foundation that has been laid it is a foundation on which we can build progress. >> one is i understand that the first person that the president called after knowing that he won was bill clinton, is that right? >> yes. >> well there is no question about it. as he said to president clinton, he was the most valuable player in this campaign,ing and you know, we got a chance to spend some time with presiden
>> piers i do believe the economy is in proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to...
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commentators who are arguing that mitt romney given the state of the economy it could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because we're all reagan connected with voters he was an actor he had that ability to even you know even though he. might not understand or voters might not be able to connect with his his life style ronald reagan's life style i mean obviously he was he was very well off but at the same time he was able to to connect with them on a very personal level that twinkle in his eyes they feel that they were lied to and be able to connect with democrat with democratic crossover democratic independent voters who he appeal to mitt romney didn't have that appeal so it wasn't the same kind of you know steve i mean i'm kind of neutral here on this one ok but i'll give . you're a man what credit for he's a great campaigner i don't know if he's a great president i don't know if he's a great politician but he's a great camp
commentators who are arguing that mitt romney given the state of the economy it could be another reagan carter where ronald reagan was able to beat jimmy carter in a poor economic climate and the reason that didn't happen and the reason why mitt romney really was no ronald reagan is because we're all reagan connected with voters he was an actor he had that ability to even you know even though he. might not understand or voters might not be able to connect with his his life style ronald reagan's...
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Nov 12, 2012
11/12
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the japanese economy is becoming worse while the chinese economy is on the mend. the kospi ended at 1900 providing good resistance, however, it dropped about 0.2%. the s&p asx down 0.3%. htc in taiwan was a major outperformer. at 241 new taiwan dollars. and this is because it announced a global patent settlement and a ten year licensing contract with apple. this is significant because this is the first company the taiwanese company that apple filed suit against. and while it's a good sign in the smartphone patent wars, we know that there's much more at stake between apple and samsung. so analysts say don't hold your breath too much. these wars are far from over. >> i think you're right. dee, thanks for that. just over an hour and a quarter into trading. weighted to the down side, a little bit more than 6:4 at the moment. last week losses 1.68% for the foot city, cac well over 2%. ftse up 7, ex-have a dax down 11. ibex down three quarterses of a percent, as well. there are a couple of stocks worth looking at this morning. here we go. bank popular up 5.25%, sas up 2
the japanese economy is becoming worse while the chinese economy is on the mend. the kospi ended at 1900 providing good resistance, however, it dropped about 0.2%. the s&p asx down 0.3%. htc in taiwan was a major outperformer. at 241 new taiwan dollars. and this is because it announced a global patent settlement and a ten year licensing contract with apple. this is significant because this is the first company the taiwanese company that apple filed suit against. and while it's a good sign...
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economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax cuts di. cheryl: democrats want them to be raised for those making 250, a million. the president said we're not wet sure if he will negotiate. after the election it seems the republicans will again be at a disadvantage. >> still have to consider right now small businesses who are taxed at personal uncut tax rate levels face the double whammy. not only would they find the income would be substituted to a higher rate of taxation, but they also have to face significantly greater cost for health carhealth care accordi
economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax...
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in sync with the economy so the proportion of g.m.p. that is spent on its military is from maine about two percent something like that and that is half the american they have about forty two percent expenditure as a percentage of their g.d.p. twice that of china their military expenditure is ten times that china so whilst china is necessarily increasing its military power as one might expect it's not doing it just proportionately. once in a decade the ruling party gathers to select the next generation. on our team i darted dot com. there's their own little celebration and israel of the country's pm sends only a sort message of congratulations to proc obama his reelection to the white house leaves a venue minutes in yahoo where good about his own political future we explain why after this break. recently protests and demonstrations of any kind were banned until further notice and by crane a curfew as in you can't go out of your home when the government doesn't want you to has already been in effect in the country since two thousand and e
in sync with the economy so the proportion of g.m.p. that is spent on its military is from maine about two percent something like that and that is half the american they have about forty two percent expenditure as a percentage of their g.d.p. twice that of china their military expenditure is ten times that china so whilst china is necessarily increasing its military power as one might expect it's not doing it just proportionately. once in a decade the ruling party gathers to select the next...
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military expanded has been going up but it's been going up in sync with the economy so the proportion of. that it spends on its military has named about two percent something like that and that is half the american can spend . much more than anyone else on the fence they have about forty two percent want to trick spending as a percentage of their g.d.p. it's twice that of china their military expenditure is ten times that so whilst china is necessarily increasing its military as one might expect it's not doing it just proportionately it's a very defensive if you like growth in. the ruling party gathers to select the next generation. today on our team door to dot com. but just a few minutes here on arts he heads class over billions but look at how folks for the union's new budget is deepening the practice in london. but find out why america's top ally in the mideast is not too happy about brock obama's reelection and much more coming up after this. recently protests and demonstrations of any kind were banned until further notice and by crane a curfew as you can't go out of your home wh
military expanded has been going up but it's been going up in sync with the economy so the proportion of. that it spends on its military has named about two percent something like that and that is half the american can spend . much more than anyone else on the fence they have about forty two percent want to trick spending as a percentage of their g.d.p. it's twice that of china their military expenditure is ten times that so whilst china is necessarily increasing its military as one might...
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Nov 15, 2012
11/12
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CNBC
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, a slow down, yes, but we expect the european economy and especially the german economy to slowly start picking up again in the first quarter of next year and solidifying it. we live a bit on hope, but that's what we take home from here. in terms of the reactions like wide, i think there were no that is ter ser prices. we know exsports have weports h but construction industry has picked up again. consumer demand is still relatively high. christmas expectations are relatively good. clearly running out of steam with a bit of hope steam picks up against next year. >> i just wonder if there isn't a silver lining or perverse way in which the weakening is a benefit from the point of view of eurozone integration because it will make it easier for the eu to press ahead -- i'm sorry, the ecb to press ahead perhaps with some of the measures that will be more supportive for the periphery. arguing now it has to do more to support growth more broadly without having to worry so much about push backs from the german people. >> i wonder if that is not a short lived benefit as it were. can it really be
, a slow down, yes, but we expect the european economy and especially the german economy to slowly start picking up again in the first quarter of next year and solidifying it. we live a bit on hope, but that's what we take home from here. in terms of the reactions like wide, i think there were no that is ter ser prices. we know exsports have weports h but construction industry has picked up again. consumer demand is still relatively high. christmas expectations are relatively good. clearly...
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Nov 12, 2012
11/12
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CNBC
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economy been underestimated. we'll talk to a fund manager who says instead of worrying, learn to love the fiscal cliff. "squawk" will be back after a quick break. trading tools for all.ul look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription when you call 1-888-280-0149 now. optionsxpress by charles schwab. ♪ welcome to the jungle, we got fun and games ♪ ♪ we got everything you want >>> the new york jets doing the improbable by playing two games yesterday, the first in cincinnati, new york teams, the second in seattle, actually my beloved bengals beat up the defending super bowl champs yesterday who looked a lot like the jets, i guess that was the joke. they looked like the jets playing twice. this was, yeah, cincinnati took advantage of a fumble and
economy been underestimated. we'll talk to a fund manager who says instead of worrying, learn to love the fiscal cliff. "squawk" will be back after a quick break. trading tools for all.ul look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™...
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Nov 10, 2012
11/12
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CNNW
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raising rates is going to slow the economy. this is not the time to raise taxes in the middle of a very weak economy. okay. we understand that. what i was saying before is that they all really understand what the parameters of a macro, big deal would be. they know what you have to do with entitlements. this is not a new discussion for them. they know what you have to do with tax reform. you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to play on a totally different note, a remarkable video that the obama campaign released on the morning after he won his re-election, and he gets very emotional. >> i felt that the work that i've done, in running for office, had come full circle. because you guys have done means that the work that i'm doing. i'm really proud of that. i'm really proud of you. and -- >> it's not often you see the president of the united states crying. >> we have not seen that really from him. political cartoonists sometimes draw him as mr. shock. i think it's just a
raising rates is going to slow the economy. this is not the time to raise taxes in the middle of a very weak economy. okay. we understand that. what i was saying before is that they all really understand what the parameters of a macro, big deal would be. they know what you have to do with entitlements. this is not a new discussion for them. they know what you have to do with tax reform. you have simpson bowles sitting out there. what you have to do is get past this question. >> i want to...
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Nov 10, 2012
11/12
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WETA
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they know the economy is not in a good place. the attack ads against obama were telling them something they didn't already know. what they were seeing was a very slow growth but growth. the numbers were moving in the direction they were supposed to move. >> you're going to believe me or you have lying eyes, right? the other interesting thing to me remember the day before the election, romney said we've left nothing on the field. so the day after, did they look back, the romney folks in their soul searching and say, oh, maybe we did? >> well, i think they know they left something on the field and that was as john suggested that they did not have the money in the middle of the summer to attack from theas from the obama campaign. that was both a reality that they had to deal with but it was also they might have anticipated more smartly. >> but did they ever really catch up? in the fall they said it was a very, very tight race. >> i think after the first debate in denver, the romneyed aors we hope -- romney advisors said we hope that
they know the economy is not in a good place. the attack ads against obama were telling them something they didn't already know. what they were seeing was a very slow growth but growth. the numbers were moving in the direction they were supposed to move. >> you're going to believe me or you have lying eyes, right? the other interesting thing to me remember the day before the election, romney said we've left nothing on the field. so the day after, did they look back, the romney folks in...
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Nov 15, 2012
11/12
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in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy and the eurozone slipped into recession, but still, traders managed to find a few positive aspects in the reports. in italy, the contraction was much smaller than what economists had anticipated. france against the odds managed to produce positive gross domestic product. this means, for germany, the possibility remains intact that our economy during the current quarter remains in positive territory as well. the biggest-loser shares this thursday were shares of lufthansa. the negotiated pay increase for the cabin crew threatens the cost-cutting targets of the airline, so
in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy...
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Nov 14, 2012
11/12
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CNBC
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he insists his planned reforms will turn the economy around. but in a high-profile blow to those presidents, gerard is the latest frenchman to flee the country because of the high income tax increase. stephane has more in paris. as we look at some pictures, how has this gone down in the rest of france? are they viewing this as a criticism of the french tax system or of him? >> it's all about francois hollande. he explained the policy of the government, including fiscal policy. there's not much room for depardieu this morning. but it's not a big surprise. it's one less paying taxes in france as a result of the new tax policy implemented by the socialist government. it's a report from the belgium newspaper, which is reporting that gerard depardieu brought a property in a small village located just by the french border, and plans to escape the tax implemented by the government. the mayor of the village was unable to confirm that gerard depardieu bought a home in the village. it wouldn't be surprising, though, because this small village already has
he insists his planned reforms will turn the economy around. but in a high-profile blow to those presidents, gerard is the latest frenchman to flee the country because of the high income tax increase. stephane has more in paris. as we look at some pictures, how has this gone down in the rest of france? are they viewing this as a criticism of the french tax system or of him? >> it's all about francois hollande. he explained the policy of the government, including fiscal policy. there's not...
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Nov 11, 2012
11/12
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CNN
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economy could be plunged back into recession. avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these higher revenues on the table. we're willing to close the loopholes in the tax system, get rid of a lot of the car vouts that people benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated wall of you on this, because yes, we have a fiscal cliff that's going to hit in january. but let's not forget the whole context of this. we are running $1.2 trillion deficits and we can't keep doing that year after year after year. we have to come u
economy could be plunged back into recession. avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to...
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Nov 15, 2012
11/12
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it's jobs and the economy. do you know, larry, there are 2.3 million hispanic small business owners in this country, roughly one in ten hispanic households is a small business owner. and yet republicans did a lousy job making the case that the obama policies are killing small business and destroying jobs. we've got to do a better job. >> look, i worked for president reagan, jack kemp was a mentor of mine. george w. bush did very well, former governor of texas, obviously, former president bush. i mean, the gop, it needs an inclusive message. it needs a welcoming message, it seems to me. it needs to stop even hinting that we're going to deport 12 million or 15 million people. we heard all that in the last election, and it was a killer for the republican party. >> there is no doubt that our rhetoric hurts us. i think most americans agree in broad outlines on immigration that we, number one, need to get serious about securing our borders and stopping illegal immigration. but number two, we should remain a nation th
it's jobs and the economy. do you know, larry, there are 2.3 million hispanic small business owners in this country, roughly one in ten hispanic households is a small business owner. and yet republicans did a lousy job making the case that the obama policies are killing small business and destroying jobs. we've got to do a better job. >> look, i worked for president reagan, jack kemp was a mentor of mine. george w. bush did very well, former governor of texas, obviously, former president...
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Nov 10, 2012
11/12
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FOXNEWSW
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does not grow the economy. so what we need is to focus more on the investments that will not only educate people and get people back to work and create opportunities, but also things that actually help people who have jobs get back to work, the investments -- >> arthel: forgive me, but i've got to give matt 20 seconds. go ahead. >> we just had an election. let's put the talking points aside. let's agree whether you're republican or democrat and you're sitting in that oval office, you've got to get this economy growing. it's an anemic economy. you're not going to grow it by raising taxes on any job creators. if you try raise it on high income earners, you're raising taxes on small businesses. that means his presidency is going to go down as a failure. i think he's smarter than that. i hope he reaches out and takes speaker boehner on his offer. >> arthel: it will take some reaching out on all sides. that's my two cents. matt, we want what's best for the country. alexis, thank you so much, good to see both of you.
does not grow the economy. so what we need is to focus more on the investments that will not only educate people and get people back to work and create opportunities, but also things that actually help people who have jobs get back to work, the investments -- >> arthel: forgive me, but i've got to give matt 20 seconds. go ahead. >> we just had an election. let's put the talking points aside. let's agree whether you're republican or democrat and you're sitting in that oval office,...
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Nov 16, 2012
11/12
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FBC
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and then sit back and watch the economy crumble. that way, no one will be able to blame them for the lousy economy that is sure to come. both ideas make no sense. have a great belief in the business cycle. i believe the economy is bigger and stronger than washington politicians. so what if the democrats raise taxes on the wealthy, and the economy does naturally start to improve? then people will shout, see? raising taxes work. instead of playing games, the republicans need to be part of the solution. the president is determined to raise taxes on the wealthy and i think it's going to happen. just make sure that he gets credit for it if it doesn't solve the deficit problem. then you will we have to
and then sit back and watch the economy crumble. that way, no one will be able to blame them for the lousy economy that is sure to come. both ideas make no sense. have a great belief in the business cycle. i believe the economy is bigger and stronger than washington politicians. so what if the democrats raise taxes on the wealthy, and the economy does naturally start to improve? then people will shout, see? raising taxes work. instead of playing games, the republicans need to be part of the...
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Nov 8, 2012
11/12
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CNBC
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economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice little things in the economy and stimulus, but you can't get older people to spend money, and europe has the worst problems because they have the worst demographic. >> listen. the economist in britain taught us that demographics do not have a very strong predictive value, particularly when it comes to markets. in 1998, harry wrote a book saying the dow was going to 35,000. in 2009, he wrote about the great depression that was ahead, and the s&p has gone up 110% off the lows. the economy has gone to new highs in gdp and car sales. >> you rung for office? >> no, absolutely not. i would not predict stock market trends
economy alone is two economies right now. 80% of people never feel we came out of the recession because they peaked in their spending. their house is under water. 20% of people are college educated. very low unemployment rates. they benefitted from qe and the markets rising back. they peak in their 50s instead of mid-40s. the wealthier part of our economy is due to tailor off. the demographics in europe just go off a cliff for many, many years to come. yes, you can have nice little things in...
SFGTV2: San Francisco Government Television
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Nov 12, 2012
11/12
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SFGTV2
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the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what we do and how consumers and small businesses can get involved. we have a lot of small businesses utilizing the network as a delivery force or on demand labor force, particularly with seasonal businesses. they do not want to have to hire a bunch of full-time employees for a month or two of work. they're able to utilize the task private network to scale up and down. another case we see is for deliveries. suzy cakes uses task rabbit to get her goodies out. these tasks rabbits are using their own vehicles to do the deliveries. it is typically for a quick
the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what...
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Nov 14, 2012
11/12
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FBC
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the president did not get a mandate on the economy. it is like me saying my wife married me for my height and athletic prowess. it is not true. you have a mandate on fixing immigration, putting supreme court justice. congress does not have a mandate either. stop negotiating the press and stop talking, start negotiating, while the market to just digest and trade under normal environment. we may not see a lot of volatility, that is not such a horrible thing in the market not selling off 20 handles anytime anybody opens their mouth. what we don't need is more talk. just the way it is. liz: mark sebastian did not even drink red bull today, the traders are so anxious and tired of seeing their ability to trade on real fundamentals, isn't that correct? the news they have made the market look so much higher. >> there's a lot of positive news. housing market, it was not that bad. i think fundamentally if we get a deal done i agree, we are going right to 1500. i was actually surprised the big fiscal cliff caught us by surprise so bad. liz: we wa
the president did not get a mandate on the economy. it is like me saying my wife married me for my height and athletic prowess. it is not true. you have a mandate on fixing immigration, putting supreme court justice. congress does not have a mandate either. stop negotiating the press and stop talking, start negotiating, while the market to just digest and trade under normal environment. we may not see a lot of volatility, that is not such a horrible thing in the market not selling off 20...
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Nov 9, 2012
11/12
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CSPAN
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is. -- economies. and what are really the economic engines of our region. to say he is sacrificing us for a energy policy that is politically expedient. and i hope he will keep his promise that he focuses on sustainable energy and abandon his support for -- our realtor is shutting down. we have barry farms here shut -- we have dairy farms here shut down since 2007. -- dairy farms since 2007. that is america's bread and butter literally. i hope he will respect the rural culture. host: alex tweets -- host: one other tweet this morning from brian -- host: brought up this morning that latino voters are urging obama to focus on immigration. here is a story from "the new york times." host: "in the sense of urgency from mr. boehner." we will focus more on that issue and issues facing latino voters later on in today's "washington journal." we will go to the democrat line. ida from longwood, florida. what is the most import issue for you in the second term? caller: the most apparent issue that the news wanted t
is. -- economies. and what are really the economic engines of our region. to say he is sacrificing us for a energy policy that is politically expedient. and i hope he will keep his promise that he focuses on sustainable energy and abandon his support for -- our realtor is shutting down. we have barry farms here shut -- we have dairy farms here shut down since 2007. -- dairy farms since 2007. that is america's bread and butter literally. i hope he will respect the rural culture. host: alex...
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Nov 13, 2012
11/12
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KQED
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economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fiscal showdown in washington, but also about corporate earnings. nearly all of the s&p 500 firms have reported numbers, and profit growth is the slowest since the recession in 2009. and the majority of firms are also reporting disappointing revenues. here's erika miller with a look back at the quarter, and a look ahead. >> reporter: earnings season is drawing to a close. and for many firms it's good riddance. nearly all of the s&p 500 have reported quarterly numbers, and according to s&p capital i.q., profits are up a measly 2%. thomson reuters and factset crunch the numbers slightly differently, and believe profits are actually down. the bigger concern is revenue growth. s&p has the most optimistic analysis with a 0.6% gain. the other two firms see negative growth. firms face an almost universal p
economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fiscal showdown in washington, but also about corporate earnings. nearly all of the s&p 500 firms have reported numbers, and profit growth is the slowest since the recession in 2009. and the majority of firms are also reporting disappointing revenues. here's erika miller with a look back at...
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is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the client's computers already spent three months in this hospital and plans to stay for another four to add the coveted seven santa majors to his stature invented by the famed soviet orthopedic is good for you is there a from the nineteen fifties these frames were initially used to treat fractures in deformities by cutting bones and slowly pulling them up or therefore stimulating tissue regeneration it was out of was able to receive arms and legs and people who thought they were crippled for life be sent to the other patients shattered bones and in many cases their shattered li
is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too...
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Nov 15, 2012
11/12
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CSPAN
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our economy can't afford that right now. certainly no middle class family can afford that right now. and nobody in either party says they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way that means every american including the wealthiest americans get a tax cut. it means that 9 -- 9 % of all americans and 97% of all small businesses won't see their taxes go up a single dime. the senate has already passed a law like this. democrats in the house are ready to pass a law like this. i hope republicans in the house come on board too. we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on and that's to keep middle class taxes lower. and i'll bring everyone in to sign it right away so we can give folks some certainty before the holiday season. i won't pretend that figuring out everything else will be easy but i'm confident we can do it. i know we ha
our economy can't afford that right now. certainly no middle class family can afford that right now. and nobody in either party says they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way that means every american including the wealthiest americans get a tax cut. it means that 9 -- 9 % of all americans and 97% of all small businesses won't see their taxes go up a single dime. the...
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Nov 10, 2012
11/12
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CSPAN
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it went up from last time, in a tough economy. young people very much culturally drive what kind of country we are and what we respond to. young people. then you have those credits. -- poste graduates -- a postgraduate, particularly women. that portion of the electorate has grown and goes heavily for obama. these trends represent a cultural shift and world view. it passed to do with the diversity of the -- it has to do with the diversity of the country, with secularism and faith, with the role of women in the family. there is a whole range of attitudes correlated with this. republicans tried as hard as possible not to have it come into play, but it is the cultural attitudes that have more intensity, as we have seen on both sides. i think we have reached a point on this that republicans cannot treat this like global warming. we cannot have the entire science community say that global warming is happening in caused by human beings and say well, we have a different view. we sought in the polling. we had a poll that had the obama lead
it went up from last time, in a tough economy. young people very much culturally drive what kind of country we are and what we respond to. young people. then you have those credits. -- poste graduates -- a postgraduate, particularly women. that portion of the electorate has grown and goes heavily for obama. these trends represent a cultural shift and world view. it passed to do with the diversity of the -- it has to do with the diversity of the country, with secularism and faith, with the role...
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Nov 15, 2012
11/12
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MSNBC
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economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if the middle class continues to lose ground, the middle class can't spend. if the middle class can't spend, then we're not going to have more jobs and we're not going to have a better recovery. it's as direct and simple as that. >> excellent. okay. that's a good answer. given the precarious position we're in, history ought to provide some lessons. so i went back to your own book "after shock" where you say the 1990s boom was not the result of a tax cut. most of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent t
economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if...
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Nov 16, 2012
11/12
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CSPAN
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it is a mixed economy. it is an economy that has one of the freest private sectors in the world and has allowed entrepreneurs to come up with great products to make our lives better. also, we have an important public sector role to pllay. two inventions that came from government that i am sure you like. the internet, yes. darpa is a government agency that funded the initial project that we now know as the internet. that was the government. when president clinton ordered that we sequenced the human genome, that has led to medical discoveries that have helped to benefit life. what about the interstate highway under eisenhower? government as well. i think the difficulty that we are having is that you think we live in a pure plays a fair economy. you are also making the mistake saying that someone like me is advocating for no private sector role which is certainly support. i used to own my own law forfir. but we need a mixed economy. there are things that we do together. we are trying to find the right mix. acc
it is a mixed economy. it is an economy that has one of the freest private sectors in the world and has allowed entrepreneurs to come up with great products to make our lives better. also, we have an important public sector role to pllay. two inventions that came from government that i am sure you like. the internet, yes. darpa is a government agency that funded the initial project that we now know as the internet. that was the government. when president clinton ordered that we sequenced the...
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Nov 14, 2012
11/12
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FBC
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our economy can't afford that right now. certainly no middle class family can afford that right now. and nobody in either party says they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way, that means every american including the wealthyest americans get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the senate has already passed a law like this. democrats in the hous but, what he said was, even though he didn't give me his vote, he is giving me his support to move this country forward. and he said, the same to his republican representatives in washington. he said that, he will back each of us regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress he will be back in touch. so my hope, he wrote, is that we can make progress in light of personal party pri
our economy can't afford that right now. certainly no middle class family can afford that right now. and nobody in either party says they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. and by the way, that means every american including the wealthyest americans get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the...
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Nov 13, 2012
11/12
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it shouldn't hurt the economy. it is hard to be for more jobs but be hostile to people that create jobs. we have to grow the economy. part of it is timing. i hope we do get away from -- i hope we can get away from the us and you attitude. host: we have a tweet from k9 co-pilot. guest: i think there is some chance of that, yes. i think the line will be drawn at $1 million. the republicans would see that .s say a win that have to decide we do about investment income. it may go up to 20%. i don't think it'll go all the backup to what it was under president clinton. the short answer is yes. it will probably look a lot like it was under president clinton. next.pat is caller: i'm so thankful to be on. senator bayh, i have always admire you as a voice for working together in the democratic party. i think this election has proved one thing to most of us. if you had the afl-cio rounding up 400,000 people to march and do everything they can to elect the president, the republicans have not been that -- it takes to elect peopl
it shouldn't hurt the economy. it is hard to be for more jobs but be hostile to people that create jobs. we have to grow the economy. part of it is timing. i hope we do get away from -- i hope we can get away from the us and you attitude. host: we have a tweet from k9 co-pilot. guest: i think there is some chance of that, yes. i think the line will be drawn at $1 million. the republicans would see that .s say a win that have to decide we do about investment income. it may go up to 20%. i don't...
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Nov 9, 2012
11/12
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the topic today is the economy. so i want to bring in richard socarides, a democratic analyst and former senior adviser to bill clinton, and ana navarrnav. a cnn contributor and republican strategist. we're going to hear from the president today on the economy. as he takes the podium, he was greeted with new comments from john boehner to diane sawyer. let's listen to the republican speaker. >> talk about all kinds of things we may disagree on. i'm the most reasonable responsible person here in washington. the president knows this. he knows that he and i can work together. now the election is over. now it's time to get to work. >> now, talking about forging some kind of deal on the fiscal cliff. and those words, ana, were really interesting to me. it seemed to me that the speaker was saying help me help you. if you don't want to have problems with the tea party in congress you better start dealing with me now, mr. president. what did it sound like to you, ana? >> it sounded exactly like that. i think it's interesting
the topic today is the economy. so i want to bring in richard socarides, a democratic analyst and former senior adviser to bill clinton, and ana navarrnav. a cnn contributor and republican strategist. we're going to hear from the president today on the economy. as he takes the podium, he was greeted with new comments from john boehner to diane sawyer. let's listen to the republican speaker. >> talk about all kinds of things we may disagree on. i'm the most reasonable responsible person...
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Nov 15, 2012
11/12
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north korea wants to rebuild its economy with china's cooperation. attention is focused on when kim will visit china for talks with the new leaders. >>> three israelis have been killed after a rocket fired from gaza hit a building in the south of the country. they're the first casualties there since israel's military carried out an air strike that killed the hamas military commander ahmed jabari. a rocket fired by hamas and palestinian militants hit a residential building in ma la chi about 25 kilometers north of ga gaza. the attack came after israel launched two consecutive days of operations in gaza, killing 11 palestinians, including hamas' military commander and his children. hamas militants have fired over 100 rockets into israel. israeli prime minister benjamin netanyahu warned that his country is prepared to expand its offensive if necessary. amid rising concern about the escalating violence, the united nations security council held an emergency session on wednesday. it adjourned without issuing any form of statement. >>> the united nations is
north korea wants to rebuild its economy with china's cooperation. attention is focused on when kim will visit china for talks with the new leaders. >>> three israelis have been killed after a rocket fired from gaza hit a building in the south of the country. they're the first casualties there since israel's military carried out an air strike that killed the hamas military commander ahmed jabari. a rocket fired by hamas and palestinian militants hit a residential building in ma la chi...
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most of the current leadership had to step down to lead young leaders develop the country's potholes economy. plus a bigger ring over the budget britain's david cameron and german chancellor angela merkel failed to agree on e.u. spending plans during talks in london. you're watching r t live from our moscow headquarters with me to bomb would say anger and violence have spilled over onto the streets of athens with police using tear gas and water cannon against greeks the protesting draconian new budget cuts demonstrators hurled petrol bombs with more than one hundred detained as the country's parliament pos an austerity package aimed at securing the latest bailout all of our reports from the greek capital. what we have seen though is anger on the streets of athens we saw a crowd of around one hundred thousand people gather in the meet the square just behind me in front of of the parliament building not quite quickly escalated into violent clashes between police and protesters in a matter of seconds downtown athens went into essentially in war zone for a couple of hours we saw molotov cocktail
most of the current leadership had to step down to lead young leaders develop the country's potholes economy. plus a bigger ring over the budget britain's david cameron and german chancellor angela merkel failed to agree on e.u. spending plans during talks in london. you're watching r t live from our moscow headquarters with me to bomb would say anger and violence have spilled over onto the streets of athens with police using tear gas and water cannon against greeks the protesting draconian new...
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Nov 14, 2012
11/12
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our economy can't afford that right now. certainly no middle class family can afford that right now. nobody in either party says that they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. by the way, that means every american, including the wealthiest americans get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the senate has already passed a law like this. democrats in the house are ready to pass a law like this. and i hope republicans in the house come on-board, too. we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on and that's to keep middle class taxes low. i'll bring everyone in to sign it right away so we can give folks some certainty before the holiday season. i won't pretend that figuring out everything else will be easy. but i'm confident we can do it and i know we have
our economy can't afford that right now. certainly no middle class family can afford that right now. nobody in either party says that they want it to happen. the other option is to pass a law right now that would prevent any tax hike whatsoever on the first $250,000 of everybody's income. by the way, that means every american, including the wealthiest americans get a tax cut. it means that 98% of all americans and 97% of all small businesses won't see their taxes go up a single dime. the senate...
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economy and try to get through the so-called middle income trap which i think they can do think china can do that. well just as your expert said there's already imbalances even on the trade market i mean people have been moving towards manufacturing from agriculture we're not seeing actually china's labor. even the currency which is the main tool for the for this government is still kind of dependent on the dollar so unless china actually moves to a free floating currency we won't see a market economy how is it going to do that. wall the first thing to understand of course is that china only wants to move to the free market economy where and when it suits its interests and you can't really blame it for doing that but back to the currency issue i think basically the way it works is it brings us back to the first question right because at the moment the main economic driver is still exports and china first has to really resolve that issue once it moves to or shift to a different economic driver like internal consumption it will make it easier to deal with the you want to she was well an
economy and try to get through the so-called middle income trap which i think they can do think china can do that. well just as your expert said there's already imbalances even on the trade market i mean people have been moving towards manufacturing from agriculture we're not seeing actually china's labor. even the currency which is the main tool for the for this government is still kind of dependent on the dollar so unless china actually moves to a free floating currency we won't see a market...
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he blunted the bad economy by fighting governor romney to a draw on trust to handle the economy. you see in the exit polls, one point. and then beating him on this issue of empathy. there was an empathy gap, by ten points, the voters thought the president was more in touch of their problems. he also was able to brutally define mitt romney and was brilliant in his targeting of the voters he needed to get out. >> so, give me your bottom line on the republicans now. we talked about the soul-searching. what do they do next? >> reporter: soul-searching, perhaps civil war. you have to look at this party right now. they have won the popular vote only once since 1988 in the presidential race. and it was probably best summed by the head of the american conservative union. he said the party is too old, too white and too male. they lost young women, single women by 40 points, hispanics by almost 40 points, blacks by more than 80 points. this is a party that has to create a much bigger test. >> so he's saying it's a wakeup call. thank you so much, george. >>> and, as we said, after the big s
he blunted the bad economy by fighting governor romney to a draw on trust to handle the economy. you see in the exit polls, one point. and then beating him on this issue of empathy. there was an empathy gap, by ten points, the voters thought the president was more in touch of their problems. he also was able to brutally define mitt romney and was brilliant in his targeting of the voters he needed to get out. >> so, give me your bottom line on the republicans now. we talked about the...
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Nov 9, 2012
11/12
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this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to averlt the fiscal cliff is important for our country. and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. and with that, i will be happy to answer some questions. >> did you think if you talk about some of the revenues, it changes the statement -- you said in a conference call you were best when everybody stuck together. do you foresee those same problems with you start talking about some of these issues? there's already
this will bring jobs home, result in a stronger, healthier economy and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead the common ground and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the...
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Nov 10, 2012
11/12
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you have an economy that plunges. you have gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff think don't think anyone on this program thinks will happen, really, if you do go over the fiscal cliff, you'll suffer the consequences. the world will suffer the consequences. there's no doubt. what worries me is a mini bargain that fudges the cliff for a moment but does nothing to fundamentally start to address the bigger problems. >> why would you be worried about that? >> because we're at crunch moment. i don't think getting back from the fiscal cliff is going to be that difficult. the moment the reality hits, everyone concerned, common sense will prevail. but what happens after that? >> christine? >> washington showed such terrible leadership in this. it's really horrific. ali, they say it's not going to happen. they don't know how we're going to get there. they also don't team so get even a few days off the fiscal cliff is enough to really hurt stock markets. to really hu
you have an economy that plunges. you have gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff think don't think anyone on this program thinks will happen, really, if you do go over the fiscal cliff, you'll suffer the consequences. the world will suffer the consequences. there's no doubt. what worries me is a mini bargain that fudges the cliff for a moment but does nothing to fundamentally start to address the bigger problems. >> why...
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Nov 9, 2012
11/12
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economy? dodge the congressional budgetary office says that if we go over in its entirety, $600 billion worth of tax increases and spending cuts, there is no doubt we will go into recession. if it is half a year or the entire year, it will depend on the rest of the world. europe is still in trouble, and emerging markets are slowing and that makes it all the more important washington get their act together. >> can the president pull anything out of the hat? >> he needs to pull something surprising. one of the things in the run-up to the election that was a case to be made for governor romney, investors thought he might be able to shop congress, surprised the situation back into alignment. the president has to bring both sides together and have talked going to an off site meeting somewhere and having a more bipartisan cabinet collected in order to bring unity. but he has to do something surprising. >> this is a self-inflicted wound, isn't it? >> absolutely. the compromises that we made to raise
economy? dodge the congressional budgetary office says that if we go over in its entirety, $600 billion worth of tax increases and spending cuts, there is no doubt we will go into recession. if it is half a year or the entire year, it will depend on the rest of the world. europe is still in trouble, and emerging markets are slowing and that makes it all the more important washington get their act together. >> can the president pull anything out of the hat? >> he needs to pull...
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Nov 12, 2012
11/12
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those gdp numbers are neglect foifr the japanese economy. back to you. >> thanks for that. >>> a quick look at what's on our global economic calendar for this week. on monday euro zone finance ministers get together in brussels to discuss whether to go ahead and provide greece with another loan out of the bailout package. on tuesday a finance ministers meeting is expected to get under way. on wednesday major japanese banks and other financial institutions will aannounce their first half earnings. the business results will come out amid speculation those institutions did well between april and september. u.s. retail sales for october will be out on the same day. sales have been growing for three months through september when they went up 1.1% from the previous month. financial watchers are watching closely to see if retail sales will maintain the uptrend. initial euro zone gdp will be released. it shrank .2% between april and june from the previous three months because of austerity measures taken by debt-ridden countries in the zone cut into
those gdp numbers are neglect foifr the japanese economy. back to you. >> thanks for that. >>> a quick look at what's on our global economic calendar for this week. on monday euro zone finance ministers get together in brussels to discuss whether to go ahead and provide greece with another loan out of the bailout package. on tuesday a finance ministers meeting is expected to get under way. on wednesday major japanese banks and other financial institutions will aannounce their...
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economy which as we know is struggling at the moment and really for people here in the u.k. very difficult to make ends meet at the moment so this is a topic that's rousing a lot of anger from the british public. reporting there from london and while britain hunts for tax avoiders to cover its deficit it's still austerity all the way for portugal the german chancellor personally reassured lisbon saying pay cuts and tax hikes so painful will at the end of the day save it but i agree citizens are not buying her optimism. and trying to turn your top look at the challenges facing the growing economy and whether the new leaders can tackle them. for now as if losing cia director david petraeus over having an affair last week wasn't enough now washington's chief commander enough. don has become embroiled in the same scandal. stood down last friday off to admitting to infidelity but the story does not end there general john allen who commands nato troops in afghanistan is being accused of exchanging quote inappropriate e-mails with jill kelley as the woman who competed for patricia'
economy which as we know is struggling at the moment and really for people here in the u.k. very difficult to make ends meet at the moment so this is a topic that's rousing a lot of anger from the british public. reporting there from london and while britain hunts for tax avoiders to cover its deficit it's still austerity all the way for portugal the german chancellor personally reassured lisbon saying pay cuts and tax hikes so painful will at the end of the day save it but i agree citizens are...
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and the heightened urgency that we see among officials iran's economy is significantly in trouble its currency is constantly losing ground in the western sanctions that you have referred to are clearly taking their toll on iran what happens if iran economy is ruined i mean that is something that you know no one has spoken about that's an unknown how does that factor in to the current geo political situation those who. who hoped that iran's government can still be persuaded to freeze its nuclear program and obey the demands of the un security council and the p five plus one i think the only way they will do that is if they feel enough economic pain and as you mentioned the startling collapse of the currency even in the recent weeks and the drop by almost half in iran's crude oil exports and the real problems iran is having with its international linkages are financing exports and imports and so forth this is starting to have an impact and officials from israel to london to washington would prefer that this approach work and i think as we see signs that iran's economy is cracking furthe
and the heightened urgency that we see among officials iran's economy is significantly in trouble its currency is constantly losing ground in the western sanctions that you have referred to are clearly taking their toll on iran what happens if iran economy is ruined i mean that is something that you know no one has spoken about that's an unknown how does that factor in to the current geo political situation those who. who hoped that iran's government can still be persuaded to freeze its nuclear...
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Nov 12, 2012
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economy to the brink of collapse. in its aftermath, some of the country's biggest banks received very big bailouts while large numbers of small local banks failed. this edition features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the recovery plan that has followed, the chairman of the board of governors of the federal reserve system, ben bernanke. plus, morley safer asks, "can america afford the lincoln penny?" well, we begin with bernanke. after the crash of '08, bernanke invoked emergency powers, and with unprecedented aggressiveness, he's thrown more than $1 trillion at the crisis. the words of any fed chairman cause fortunes to rise and fall, and so by tradition, chairmen of the fed do not do interviews. that is, until march of 2009 when ben bernanke sat down with scott pelley. >> mr. chairman, i'm gonna start with a question that everyone wants me to ask. when does this end? >> it depends a lot on the financial system
economy to the brink of collapse. in its aftermath, some of the country's biggest banks received very big bailouts while large numbers of small local banks failed. this edition features a unique inside look at the seizure of a failed bank and a rare interview with one of the men at the center of the 2008 economic crisis and the recovery plan that has followed, the chairman of the board of governors of the federal reserve system, ben bernanke. plus, morley safer asks, "can america afford...
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Nov 9, 2012
11/12
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the economy will drive housing. if we get the economy going, housing clearly turns. if it goes back to normal building, 1.3 million units a year, which most economists say we're going to have to do soon. remember, we've added 15 million americans in the last five years or so. that's going it add 2 million jobs right there. so housing could become the thing that starts driving, help drive the economy if we get this economy going. >> isn't the industry still working through a lot of assets? isn't the industry still looking at the housing recovery largely a function of refinancing? how do you get new private money going into the mortgage market? >> so we are -- people who do mortgage are doing a lot of purchase mortgages and re-fi. 4.5 million homes are being sold a year. mortgage is still a little tight. i think one of the things that would be really good, the regulators, legislators, and businesses fix as soon as we can, what are the new rules around mortgages? it is too it tight. appraisals are too tight. income appraisals are too tight. underwriting is too tight. we
the economy will drive housing. if we get the economy going, housing clearly turns. if it goes back to normal building, 1.3 million units a year, which most economists say we're going to have to do soon. remember, we've added 15 million americans in the last five years or so. that's going it add 2 million jobs right there. so housing could become the thing that starts driving, help drive the economy if we get this economy going. >> isn't the industry still working through a lot of assets?...
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Nov 14, 2012
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as america demands compromise, on growing the economy and avoiding the fiscal cliff. the president today hosted an old fashioned lefty summit filled with labor chiefs and foreign liberal groups. he went to them ahead of business and the politicians are going to come later on friday. they are going to consider mitt romney's plan. he lost the election but might his ideas win out in the end? plus obamacare, continues to take it's toll on jobs. and one ceo's comments about it's plan are spurring a national movement to eat pizza. 48 days until the biggest tax hike in the history of the planet earth. president obama put labor and local interest groups to who knows what. senate minority leader had the perfect response on the senate floor today please take a lis ebb. >> the amount of revenue that they are prepared to put usual over the cliff over wouldn't fund the government for one week. so why in the world would we want to do that? what is the point? to make people feel good about whacking somebody else. >> so what is your answer to what mitch mcconnel said? go after rich p
as america demands compromise, on growing the economy and avoiding the fiscal cliff. the president today hosted an old fashioned lefty summit filled with labor chiefs and foreign liberal groups. he went to them ahead of business and the politicians are going to come later on friday. they are going to consider mitt romney's plan. he lost the election but might his ideas win out in the end? plus obamacare, continues to take it's toll on jobs. and one ceo's comments about it's plan are spurring a...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. download the official application so choose your language stream quality and enjoy your favorite. t.v. is not required to watch all its hear all you need is your mobile device to watch our t.v. any time. there was a large good to have you with us the german chancellor has visited london full crucial talks with britain's prime minister about the e.u. budget. to urge david cameron not to veto any increase in spending something the u.k. parliament is insisting on. earth has the tale of the talks. on the surface of it angler merkel's come here to meet david cameron to discuss over dinner the budget meetings are taking place in just a verb a week's time in brussels but of course what you see not very smooth experience the very friendly and shaking hands that hides beneath the surface is very very troubled waters in the discussion you'd expect to run into some more awkward territory mainly being the whole discussion about britain's
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. download the official application so choose your language stream quality and enjoy your favorite. t.v. is not required to watch all its hear all you need is your mobile device to watch our t.v. any time. there was a large good to have you with us the german chancellor has visited london full crucial talks with britain's prime minister...
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Nov 8, 2012
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economy. so i think those are both very significant concerns, and weighed on investors today ask they obviously responded by selling stocks. >> sreenivasan: we heard late today grooeps passed its austerity measures through its parliament. is that likely to give the markets a bounce? >> yeah, i think you're going to get a bounce and i think that will help give it a little bit of a bounce. i'm a little surprised at the austerity measures. there are a lot of unsettled people in greece. the economy of greece is clearly suffering from the austerity measures that have been imposed on greece, an economy that's in a recession. i think those same kind of concern are about the u.s. imposing fiscal restraint in the form of higher taxes and less spending on our economy. but i think you'll get a little bit of a bounce tomorrow, yes ?rawr all right, health care thanks for your time. a new storm threatened the northeast today with wind, water and snow. its arrival came just over a week after hurricane sandy
economy. so i think those are both very significant concerns, and weighed on investors today ask they obviously responded by selling stocks. >> sreenivasan: we heard late today grooeps passed its austerity measures through its parliament. is that likely to give the markets a bounce? >> yeah, i think you're going to get a bounce and i think that will help give it a little bit of a bounce. i'm a little surprised at the austerity measures. there are a lot of unsettled people in greece....
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it hurt the economy. so i'm proud to be in new jersey where our folks are far more centrist and you don't have the kind of extremes. i'm really worried about a congress, this is republicans losing people like olympia snow who are leaving, dick lugar getting beat on the right. having guys like john mccain and hatch have to run far to their right just to keep their offices. this is very perilous for our country. i'm looking for us to go back where you had guys like ronald reagan and tip o'neill who reached across the aisle. >> friends in the newt gingrich second term worked very well together. >> i think we have the right president for that. but we need the right leadership coming out of congress that's going to rise up to the challenge and bring our nation together. most of us in the country are not on the margin. most of us, however we identify, republican or democrat, we have so much more in common than we do apart. that's where we hope that our government will follow where the people are. >> that's so t
it hurt the economy. so i'm proud to be in new jersey where our folks are far more centrist and you don't have the kind of extremes. i'm really worried about a congress, this is republicans losing people like olympia snow who are leaving, dick lugar getting beat on the right. having guys like john mccain and hatch have to run far to their right just to keep their offices. this is very perilous for our country. i'm looking for us to go back where you had guys like ronald reagan and tip o'neill...
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Nov 11, 2012
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felt by the total economy. nevertheless, the growing gap, which is then resulting in necessitating more and more borrowing can't be sustained. we have to either cut back more or create a balance of revenue and spending reductions, and i think -- i can tell you in california, you can only cut schools and university so much and then people say enough already, and that's exactly what they said on election night tuesday. >> and you see that having a national implication? >> yes, because i think schools and universities are not partisan issues. what kind of a hospital situation you have in local cities and counties. everything worked -- when government gets excessive, yeah, people want to pull it back. that was the tax revolt. but when the private sector begins to, you know, have more and more and the public sector is starved, people know that. it's commonsense. you need it's not is the left rr is the right right. each according to its due. if i can quote a biblical text. render what is god's and what is caesars. th
felt by the total economy. nevertheless, the growing gap, which is then resulting in necessitating more and more borrowing can't be sustained. we have to either cut back more or create a balance of revenue and spending reductions, and i think -- i can tell you in california, you can only cut schools and university so much and then people say enough already, and that's exactly what they said on election night tuesday. >> and you see that having a national implication? >> yes, because...
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Nov 14, 2012
11/12
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the economy is improving. the question is now, what sort of hit can the economy take? the two partiest party agreed that households below $250,000 should be extended. caller: what you want to hear from members of congress? what is your big question for republicans and democrats as they head into these fiscal cliff talks? guest: i want to know what the parameters of compromise. i want to know from the democrats, was entitlement cuts are they willing to agree to is part of a grand deficit deal? i want to know how they are thinking about dealing with the sequester. and from the republicans, want to know what sort of revenue would they be open to? republicans did not want to necessarily see increased tax rates but there would be open to some sort of revenue. what does that look like? how else can you get that revenue? >> nancy cook, national journal, thank you for joining us. caller: thank you for having me. host: next up we will speak to congressman kevin brady, and other members of congress. >> it is 7:47 eastern. if congress works on the so- called fiscal cliff, preside
the economy is improving. the question is now, what sort of hit can the economy take? the two partiest party agreed that households below $250,000 should be extended. caller: what you want to hear from members of congress? what is your big question for republicans and democrats as they head into these fiscal cliff talks? guest: i want to know what the parameters of compromise. i want to know from the democrats, was entitlement cuts are they willing to agree to is part of a grand deficit deal? i...
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Nov 15, 2012
11/12
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CNBC
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and establishing conditions for the economy to grow. because we can argue all we want about what's the right marginal rate, do you do it through deductions or do you it on the rate side. wouldn't it be nice if we actually got another couple percentage points of growth? that would do an extraordinary amount of good in terms of the revenue side. so -- >> exactly. >> i also don't think we're having enough attendant conversations about the spending side. so i would like to see a little bit more discussion about other aspects of this, how you establish conditions for growth, what you do on the spending side in addition to just this tax debate which seems to be taking all of the energy. >> hopefully they will listen to you. you never know. that may and number those ceos at the white house suggested the same thing. liz ann, thank you. >>> our coverage out of schwab impact 2012 continues online. is it good to invest during uncertain times? we just talked about that a little bit. check out the investorsummit.cnbc.com to find out. maria will be h
and establishing conditions for the economy to grow. because we can argue all we want about what's the right marginal rate, do you do it through deductions or do you it on the rate side. wouldn't it be nice if we actually got another couple percentage points of growth? that would do an extraordinary amount of good in terms of the revenue side. so -- >> exactly. >> i also don't think we're having enough attendant conversations about the spending side. so i would like to see a little...
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Nov 8, 2012
11/12
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KQED
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let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a serious revolt in his own caucus. >> tom: is your caution then don't expect a fiscal clip solution before january 3rd? is that what investors to expect? >> the best way out of this impasse for the time being, is gracious gesture for the president-elect, re-elect, president obama, he should offer to extend the tax cuts perhaps until march of next year. giving john boehner an opportunity to win his own re-election, and gather some goodwill on the republican side of the aisle. if mr. obama doesn't see it
let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until...
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s economy is actually showing signs of recovery fact thankfully it's not great but no one's great but it's better than the average and let's not forget we're a huge importer of goods and services from the e.u. with their largest customer it's three billion pounds every month more english and services being imported into the u.k. and export it to the rest of the you so i think we're in a strong position for a trading relationship and we really don't want to get into this political union which is totally against what the british people want what sort of supporter you getting amongst the british people with your stance. well it's very warm i mean i represent i represent to go to the polls a majority of the british people regardless of being left or right it's not a left right thing is about democracy. polls indicate about fifty three fifty four percent of the british people want to actually do all for you it's two thirds of my own party the conservative party so it's a very strong feeling we need obviously a trading relationship to be put in place but you know under the list when true to
s economy is actually showing signs of recovery fact thankfully it's not great but no one's great but it's better than the average and let's not forget we're a huge importer of goods and services from the e.u. with their largest customer it's three billion pounds every month more english and services being imported into the u.k. and export it to the rest of the you so i think we're in a strong position for a trading relationship and we really don't want to get into this political union which is...
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economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what collapse looks like that's why policymakers labeled the banks too big to fail and bail them out to prevent total collapse but today these banks are even bigger and thanks to globalization their tentacles are wrapped around the entire world's economy it would just be the united states imploding the next time these giants fall take out much of planet earth itself this is the danger of raw unfettered unregulated laissez faire capitalism this is where the demands for higher and higher quarterly profits take down the company the economy eventually companies be
economy on just one hand there are just five of them. and they are the usual suspects goldman sachs j.p. morgan chase wells fargo bank of america and citigroup total assets equal eight point five trillion dollars which is fifty six percent of our entire economy. in two thousand and seven we learned the consequences of disproportionate wealth and power concentrated in the hands of just a few companies in one company begins to fail they all begin to fail and when they all fail that's what...
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Nov 15, 2012
11/12
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FBC
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the economy, which is what he is doing with a tax increase, just over fairness. you know, i never called president obama a socialist, i have been on shows that people made me say this, but think about what he does, he is saying i don't care about the economy or unemployment, i just want to achieve my overall aim, that is to expand the size of government. neil: we know he is putting much more emphasis, his idea of a planned approach on revenues than on spending. progressive i talk to does not matter. they talk about waste, fraud and abuse program, as far as they go. >> they are so tunnel vision, they think that bill clinton raised taxes and automatically the economy to off, that did not happen. neil i know the gardener of the white house, their thinking is, wall street hates us, so woot has done great since we came into offers. >> that is not wall street. neil: and gardner knows, and said, look they can bitch all they want. we have been good for wall street. >> we have printed money, we have not been good for wall street,by should point out average investors are n
the economy, which is what he is doing with a tax increase, just over fairness. you know, i never called president obama a socialist, i have been on shows that people made me say this, but think about what he does, he is saying i don't care about the economy or unemployment, i just want to achieve my overall aim, that is to expand the size of government. neil: we know he is putting much more emphasis, his idea of a planned approach on revenues than on spending. progressive i talk to does not...
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Nov 14, 2012
11/12
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FOXNEWS
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economy. jobs are created by small business in this country. they should be represented here. the national federation of independent business, groups of small businessmen and women. they really make this country work. it is unfortunate that he would choose to work with people who represent such a small percentage of the economy. that is the union leaders. we are talking about 12 or 15%, depending on how you calculate it, the entire workforce. small business creates jobs. it drives the economy. these are the folks, and this may play some part in the fact that they haven't been invited to today's soirÉe, they are the folks that will be paying those taxes that he is about to raise if he has his way. megyn: i mentioned a moment ago that the union leaders including richard trumka, supposedly they came out and said we don't want them touching medicare and in medicare and social security, they don't want any of these so-called entitlement programs to be adjusted. i'm not talking about people that ar
economy. jobs are created by small business in this country. they should be represented here. the national federation of independent business, groups of small businessmen and women. they really make this country work. it is unfortunate that he would choose to work with people who represent such a small percentage of the economy. that is the union leaders. we are talking about 12 or 15%, depending on how you calculate it, the entire workforce. small business creates jobs. it drives the economy....